10,190 Shares in Synaptics Incorporated (NASDAQ:SYNA) Acquired by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new stake in shares of Synaptics Incorporated (NASDAQ:SYNA - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 10,190 shares of the software maker's stock, valued at approximately $778,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of Synaptics during the 4th quarter valued at about $31,000. Aster Capital Management DIFC Ltd purchased a new position in Synaptics during the fourth quarter valued at approximately $43,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Synaptics during the 4th quarter worth approximately $72,000. Sterling Capital Management LLC lifted its stake in shares of Synaptics by 811.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,158 shares of the software maker's stock valued at $88,000 after purchasing an additional 1,031 shares during the period. Finally, KBC Group NV boosted its holdings in Synaptics by 87.4% during the fourth quarter. KBC Group NV now owns 1,795 shares of the software maker's stock worth $137,000 after buying an additional 837 shares in the last quarter. Hedge funds and other institutional investors own 99.43% of the company's stock.

Insider Activity

In other news, insider Ken Rizvi purchased 3,600 shares of the stock in a transaction dated Monday, February 10th. The stock was acquired at an average cost of $69.15 per share, for a total transaction of $248,940.00. Following the completion of the transaction, the insider now directly owns 27,630 shares in the company, valued at approximately $1,910,614.50. This represents a 14.98 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.30% of the company's stock.

Wall Street Analyst Weigh In

SYNA has been the subject of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and issued a $105.00 price objective on shares of Synaptics in a research report on Thursday, February 27th. Mizuho lowered their price target on Synaptics from $90.00 to $80.00 and set an "outperform" rating on the stock in a research report on Monday, March 24th. Susquehanna raised their price objective on Synaptics from $95.00 to $105.00 and gave the company a "positive" rating in a report on Wednesday, January 22nd. Craig Hallum upgraded Synaptics from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, January 29th. Finally, Needham & Company LLC reissued a "buy" rating and set a $90.00 target price on shares of Synaptics in a research note on Tuesday, February 4th. Two research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $95.00.

Synaptics Trading Up 2.2 %

Shares of SYNA stock traded up $1.23 during trading on Thursday, hitting $56.89. 134,737 shares of the stock traded hands, compared to its average volume of 465,423. The firm has a market capitalization of $2.23 billion, a P/E ratio of 13.46 and a beta of 1.60. Synaptics Incorporated has a 52-week low of $41.80 and a 52-week high of $98.00. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.88 and a quick ratio of 3.36. The firm's fifty day moving average price is $58.38 and its 200-day moving average price is $70.53.

Synaptics Profile

Synaptics Incorporated develops, markets, and sells semiconductor products worldwide. The company offers AudioSmart for voice and audio processing; ConnectSmart for high-speed video/audio/data connectivity; DisplayLink for transmitting compressed video frames across low bandwidth connections; VideoSmart that enables set-top boxes, over-the-top, streaming devices, soundbars, surveillance cameras, and smart displays; and ImagingSmart solutions.